Amazon reports strong 1Q results driven by its cloud
NEW YORK (AP) — Amazon on Tuesday reported strong results for the first quarter, driven by growth in its cloud-computing unit and new advertising dollars from its Prime Video streaming service.
The Seattle-based e-commerce giant said it brought in $143.31 billion in revenue in the first three months of this year, a 13% jump compared to the same period last year. Net income came out to $10.43 billion, or 98 cents per share. That soundly beat Wall Street analysts’ expectations for 84 cents a share, according to FactSet.
“It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results,” Amazon CEO Andy Jassy said in a statement.
The nation’s biggest online retailer is coming off better-than-expected results for the holiday shopping period, when it saw strong consumer spending aided by discounts and faster shipping speeds. Amazon held another discount event in late March, right before the end of the first quarter.
Related articles
Cardinals rally to beat Tigers 2
DETROIT (AP) — Jack Flaherty tied an American League record with seven straight strikeouts to open a2024-05-01Xi Extends Condolences to Indian President, PM over Deadly Train Accident
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-01Shenzhen has a taste of France at food expo
Visitors flock to the SIAL Shenzhen, a premier international food and beverage exhibition, which ope2024-05-01Changsha captures hearts of HK tourists
Changsha, the capital city of Central China's Hunan Province, has captured hearts of Hong Kong resid2024-05-01Chinese astronauts return to earth after six months in space
BEIJING (AP) — China’s Shenzhou-17 spacecraft returned to Earth Tuesday, carrying three astronauts w2024-05-01U.S. urged to stop sending wrong signals to 'Taiwan independence' separatist forces
(ECNS) -- China urges the U.S. to act seriously in accordance with the commitments that have been re2024-05-01
atest comment